If Park Bank is liable for not spotting Sujata "Sue" Sachdeva's $34 million embezzlement from Koss Corp. and has to reimburse the company, Koss Chief Executive Michael Koss should also be ordered to personally pay the public company he runs, the bank argues in a new lawsuit.

Grant Thornton, Koss Corp.'s former auditor, should also have to pay a portion of any award that may be ordered, Park Bank argued in the latest twist in a long-running court fight stemming from Sachdeva's massive embezzlement.

"Park Bank denies any and all liability to Koss in this case," the bank said in its action. "Nevertheless, should Park Bank be found liable to Koss (Corp.) and required to pay damages to Koss, in this case, those damages will have been the result of a common liability of Park Bank, Michael Koss and Grant Thornton, thereby entitling Park Bank to (a) contribution from Michael Koss and Grant Thornton."(10)

While we strive for a lively and vigorous debate of the issues, we do not tolerate name calling, foul language or other inappropriate behavior. Please see our discussion guidelines and terms of use for more information.

While we do our best to moderate comments, we do not screen comments before they are posted. If you see a comment that violates our guidelines, please use the "Report Abuse" link to notify us of the issue.

There are still an awful lot of people who reject the conclusive data proving that all of the carbon humans are removing from the earth and injecting into the atmosphere is causing a Greenhouse effect. A lot of verbal and political energy has been expended trying to get these people to accept the science, but all of that debate has had very limited success with a very entrenched, anti-science sector of the populace.

However, a person would really, really have to have their head buried in the sand not to acknowledge that the world is growing warmer (whether or not the cause is man-made.) It is self-evident that a warmer world will continue to melt surface ice on Greenland and Antarctica, inevitably raising the level of the oceans. Therefore, perhaps, our political capital should be expended on arguing for the need the improve the floodwater defenses of our coastal cities. New York, New Jersey, and New Orleans are all cases in point.

If climate change "science" wasn't so polluted with partisan agenda maybe people wouldn't be so reluctant to just accept it as fact.

But when clowns like Albert Gore attempt to use CGI animation of melting glaciers and pictures of sad-looking polar bears floating on icebergs as political capital -- and democrats accuse republicans of causing hurricanes (see RFK Jr's comments about Katrina) -- objective people have good reason to be skeptical.

Now, factor in the Obama administration's EPA managing to officially classify a natually-occurring compound necessary to sustain life on this planet as a "harzardous substance" -- which might be one of the most patently ridiculous things I've ever heard -- and you REALLY start to scratch your head.

Not to mention the now-defunct CCX, which, had it grown to fruition by virtue of Cap & Trade legislation as designed, would have made Albert Gore (and his global warming inner-circle) some of richest people in the entire galaxy.

Okay, Jim, your post illustrates exactly what I mean. Instead of trying to convince people like you that excess carbon injected into the atmosphere by human technology is causing climate change, let's just agree that we need to try and deal with the rising ocean levels. Or do you think all those glaciers are just going to freeze back up again, and we don't need to worry about the sea levels?

Glaciers are freezing up again. Global Warming is a cult or religion and not science. As with other religions, you are free to beleive and live your life style but don't force your views on the rest of us.

First off, 'Greenhouse Effect' covers the ability of the atmosphere to retain heat period. Without it, we'd all be dead.

Second, the notion that it is somehow being increased by human activity is abjectly unproven. The earth has warmed and cooled significantly throughout it's history, long before human technology began burning anything...

Third, the actual scientific predictions are changes of such miniscule proportions (a 1ft rise in sea levels, a 1 degree over 100yrs temperature increase) that yes, we do not need to worry about them. We can easily build sea-walls & levees to hold back 1ft of extra water... And 1 degree of warming won't hurt the USA one bit.

The problem, is that Hollywood (go figure) has convinced so many of you that the world is going to END (Inconvenient Truth, Day after Tomorrow, Waterworld), via a slew of really bad, no-basis-in-fact movies. Kind of like a similar gullibility on guns, where people make gun laws based on what they see Bruce Willis do in Die Hard....

Well considering how much money has been wasted and how fake the science has been one would think Congress would start legal investigations into the fraud, criminal misconduct and malfeasance by politicians, public sector educators and businesses. This is the single largest fraud committed on earth to date and those responsible should be brought to justice.